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Harvard economics and philosophy Professor Amartya Sen and Institut d’Etudes Politiques de Paris economics professor Jean-Paul Fitoussi discussed their research on alternative ways of measuring the success of a society as part of a panel discussion organized by Center for European Studies visiting scholar Éloi Laurent...

Author: By Gautam S. Kumar, CONTRIBUTING WRITER | Title: Amartya Sen Offers Alternative to GDP | 11/16/2009 | See Source »

...Fitoussi were both members of the Commission on the Measurement of Economic Performance and Social Progress, a 20-person committee called together by French President Nicholas Sarkozy at the beginning of 2008 to determine a better technique to gauge the economic health of a nation...

Author: By Gautam S. Kumar, CONTRIBUTING WRITER | Title: Amartya Sen Offers Alternative to GDP | 11/16/2009 | See Source »

While higher GDP numbers are generally perceived to mean a country is more economically successful, Fitoussi, who joined the discussion through a video conference call, said that socially harmful activities can also lead to an artificial increase in a country’s GDP. For example, he said an increase in road traffic would drive up oil consumption and lead to larger GDP numbers that “obviously misrepresents the social wellbeing...

Author: By Gautam S. Kumar, CONTRIBUTING WRITER | Title: Amartya Sen Offers Alternative to GDP | 11/16/2009 | See Source »

European studies Professor Peter A. Hall and sociology Professor Michèle Lamont joined Fitoussi and Sen in presenting their work on the role of “the collective imaginary”—a group of people who form a perceived community—on “successful societies,” as Hall said...

Author: By Gautam S. Kumar, CONTRIBUTING WRITER | Title: Amartya Sen Offers Alternative to GDP | 11/16/2009 | See Source »

Laurent said that the discourse between Sen, Fitoussi, Hall, and Lamont was even more “intellectually energetic” than he had expected...

Author: By Gautam S. Kumar, CONTRIBUTING WRITER | Title: Amartya Sen Offers Alternative to GDP | 11/16/2009 | See Source »

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